USD To COP Hits 4700 On Friday
[QUOTE=LoveItHere69;2753074]I had the same thing happen (even though 2 years ago). I think it was BBVA. It cancelled my transaction as soon as I declined the conversion. Tried weeks later and same thing. The ATM cancelled my transaction and spit my card out.[/QUOTE]Five days ago I tried using the Scotia / Colpatria ATM machine at Rio Negro Airport and they had the conversion bullshit, where as yesterday in using the Scotia / Colpatria ATM at the EXITO in Poblado there was no conversion screen.
I think what the banks are doing, besides hoping a stupid person will accept the conversion, they are programming machines in certain locations to have the conversion bullshit. And an airport is perfect, they are hoping for a dazed traveler to accept the conversion which can be so profitable for them.
This is done in a lot of other Countries at travel hubs and heavy tourist locations.
As an example I was in Aruba a few weeks ago in a heavy duty tourist area with lots of shops, bars, and eating places. There was like one ATM machine in the complex and I had USD, but wanted some of the local currency, and tried using the machine, but it was totally convoluted so I aborted the transaction, knowing I was going to get hosed. Imagine someone having no cash and needing it desperately this is what I'm assuming some of the banks thinking is. It's no different than so many hookers asking for more than the market rate and hoping to get a sucker, with nothing to lose in the process.
As far as the USD to COP rate, I'm wondering when it's going to 5,000 COP to the USD as it just seems to keep going up.